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January 2016 | Issue 193

Cool change

I hope I don’t jinx it, but we’re really enjoying a pretty warm holiday season so far, but heading to the New Year, the weather may be the least of our worries. Economic forecasts are dire in 2016 that Calgary will remain in a prolonged economic slide and its housing industry will remain soft for the year with a slight growth projected only in 2017. With oil prices remaining low and our Canadian dollar not fairing any better, it’s a situation a lot of new Calgarians are unfamiliar with.

But there remains to be some strength in the industry. New projects are still being launched — take for example our cover feature on Cardel Lifestyles’ latest development: Walden Place. Sales and Marketing Manager Brad Logel tells us that the market for first-time homebuyers remains robust. “You just have to concentrate on your strengths — a good location and great value — and you’ll always have success,” he says. “We’ve always had a great track record in that regard.”

Concord, the new ultra-luxury condos in Eau Claire by Concord Pacific, is also taking great strides in sales with 50 per cent of the first tower already sold. Concord’s Grant Murray also tells us that the high-end market — especially those targeting the well-to-do downsizer is very active and they already have a long waiting list for their second building. The upscale community of Watermark at Bearspaw is also a bright sales spot as both their single-family and multi-family sides are doing remarkably well despite the sluggish economy. “We only have seven of the 100-plus Villas at Watermark left and may be sold out by the New year,” says Watermark’s Ian Macdonald.

Similar stories of resiliency echo in the other condo profiles we have this issue, including the latest by Brookfield Residential: Regatta in Auburn Bay; and by Parnters’ new ARRIVE in Skyview Ranch Arbours. Two new multi-family developments in Legacy also are drawing the eye of the new homebuyers Aldebaran’s Legend of Legacy, and Brad Remington Homes’ Legacy Park — both aim to continue their success from their previous sold-out southeast developments.

The 2016 Homexpo is another thing we can all look forward to in January with HGTV celebrities Sarah Richardson and Tommy Smythe gracing the event. Our theme for this issue of relaxing at home is carried through by David Crosson’s Style feature on  creating a reading nook for your home, Aaliya Essa’s photo essay on ottomans and beanbags, and the Shopping feature on fireplaces — there are new easy-to-install and portable models that make sense even for condos.

There is still much to celebrate this season, despite the somber housing market numbers, and even if 2016 looks like a tough go, there is a glimmer of growth beyond. Regardless, Condo Living will be there to show you what’s new and fresh in the market.

Pepper Rodriguez
Editor

In This Issue

Love your new place

Love your new place

The New Year is just around the corner, and for Cardel Lifestyles there’s no better…

Read more about Love your new place

The Concord takes flight

The Concord takes flight

Whether in a down economy or not, emphasizing the strengths of a particular product is…

Read more about The Concord takes flight

Untroubled waters

Untroubled waters

Watermark at Bearspaw was always going to be special, now everyone knows just how special.…

Read more about Untroubled waters

The reader’s corner

The reader’s corner

Whether you prefer to scroll through a Kindle edition or turn a physical page, having…

Read more about The reader’s corner

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